Ahmedabad, April 24 (CommoditiesControl): Chili prices experienced a notable uptick in major markets, fueled by robust demand at comparatively lower price points. The current scenario sees prices trading at multi-year lows in spot markets, providing a fundamental support for the upward movement.
In Guntur, prices were notably higher, while sentiments remained stable in Khammam, with Warangal markets remaining closed for the day.
Market reports indicate a rise in arrivals, with Guntur markets receiving 60,000 bags, marking a 5,000-bag increase from the previous session. Similarly, Khammam markets witnessed a rise in arrivals, totaling 13,000 bags, up by 1,000 bags.
Despite limited domestic demand and stagnant export demand, prices are under pressure. However, the significant decline from multi-year lows is anticipated to maintain stability in prices in the forthcoming sessions.
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